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TSX Ends April Under Pressure as BoC and Fed Hold Rates Amid Iran Tensions

April 30, 2026 | Canadian Money Brief TSX Closes Lower to End April as Central Banks Hold Firm, Oil Stays Elevated Canadian equities slipped on Wednesday, with the S&P/TSX Composite Index falling 0.8% to close at 33,318 as both the Bank of Canada and the U.S. Federal Reserve held interest rates. Rate Holds on Both Sides of the Border The BoC kept its policy rate at 2.25%, maintaining a wait-and-see approach amid ongoing US-Iran tensions that are stoking inflationary fears. South of the border, the Fed held its benchmark rate in the 3.5%–3.75% range, citing the spike in oil prices and heightened economic uncertainty from the Iran conflict. Banks Dragged, Energy Lifted The rate holds weighed on Canada's big banks. BMO was down 2%, Royal Bank of Canada fell 1.3%, and TD dropped 0.8%. Energy stocks were a bright spot, however. Canadian Natural Resources gained nearly 2% while Agnico Eagle lost nearly 3%, as gold prices softened while crude surged. Oil and OPEC+ in Focus WT...
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Zelensky Faces Stark Choices as Trump Pushes Peace Framework

Trump's son-in-law Jared Kushner, U.S. Special Envoy Steve Witkoff, U.S. Secretary of State Marco Rubio, U.S. Army Secretary Daniel Driscoll sit before closed-door talks with Head of the Office of the President of Ukraine Andriy Yermak (not pictured).


As pressure mounts in the ongoing war between Ukraine and Russia, U.S. President Donald Trump has intensified efforts to secure a peace deal, urging Kyiv to accept a revised framework before the American Thanksgiving holiday. The proposal, reportedly a 28-point plan, has drawn sharp criticism for heavily favoring Moscow’s interests, including demands that Ukraine cede territory, limit its military, and abandon aspirations to join NATO.

In recent days, Trump warned that Ukraine risks losing access to U.S. intelligence and weapons if it fails to agree to the plan by November 27. His administration has framed the deadline as a necessary step to end the nearly four-year war, but many in Kyiv view it as coercive. Ukrainian President Volodymyr Zelensky acknowledged the gravity of the moment, describing it as “one of the most difficult in our history” and pledging not to betray his country’s sovereignty.

Talks between U.S. and Ukrainian officials in Geneva produced what both sides called a “refined peace framework”, though details remain scarce. The earlier draft was widely criticized as too favorable to Russia, prompting revisions aimed at balancing the demands of both parties. Still, Zelensky faces a pivotal choice: preserve Ukraine’s dignity and territorial integrity or risk losing critical support from Washington.

The plan has also drawn international attention. Russia has signaled cautious openness to discussions, while Ukraine’s allies in Europe have expressed concern that the framework could undermine Kyiv’s long-term security. Analysts warn that the deal, if signed under pressure, could reshape the geopolitical landscape by reintegrating Russia into the international community while leaving Ukraine vulnerable.

For now, Zelensky has agreed to continue discussions with Trump, but his public statements suggest deep skepticism. As the deadline looms, Ukraine’s leadership must weigh the risks of isolation against the costs of compromise—a decision that could define the nation’s future for decades.

Key Points:

  • Trump’s 28-point peace plan sets a November 27 deadline for Ukraine to agree.
  • The plan reportedly requires Ukraine to cede land, limit its military, and abandon NATO ambitions.
  • Zelensky calls this “one of the most difficult moments” in Ukraine’s history.
  • A revised framework has been drafted, but details remain unclear.
  • Ukraine faces a choice between sovereignty and continued U.S. support.


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